NOT LISTED FOR SALE

2033 Sierra Leone Ave Rowland Heights, CA 91748

Estimated Value: $1,320,000 - $1,427,000

8 Beds
4 Baths
3,500 Sq Ft
$399/Sq Ft Est. Value

Last Sold August 08, 2016

Last sale price $880,000 $251 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,900/month

33 Days on Market

About This Home

As of August 2016

Here is your chance to own 4-units in the city of Rowland Heights. This is a great investment property for anyone looking to have rentals. The property features 2 bedroom 1 bathrooms units which .all currently tenant occupied. The total square footage is 3,500 and this investment property sits on 9156 lot.

Last Agent to Sell the Property

Li Li

Kingston Realty License #01367545 Listed on: 05/26/2016

Last Buyer's Agent

Cindy Shiao

IRN REALTY License #01367791

IRN REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,447

Year Built

  • Built in 1964

Lot Details

  • 9,156 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • 3,500 Sq Ft Home

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 10 Parking Spaces
  • 5 Carport Spaces

Listing and Financial Details

  • Tax Lot 37
  • Tax Tract Number 25612
  • Assessor Parcel Number 8253010016

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $384
  • Gardener Expense $360
  • Insurance Expense $1,584
  • Maintenance Expense $3,000
  • Trash Expense $720
  • Water Sewer Expense $1,700
  • New Taxes Expense $10,405
  • Gross Income $4,750
  • Net Operating Income $38,775

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,447

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: No
  • Water Sewer Expenses: 1700.00
  • Property Type: Residential Income
  • Gardener Expense: 360.00
  • Parcel Number: 8253010016
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 251.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 5.00
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 720.00

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999
  • Lot Size Sq Ft: 9156.00
  • Price Per Lot Square Foot: 96.11

Multi Family

  • Electric Expense: 384.00
  • Gross Income: 4750.00
  • Gross Scheduled Income: 57000.00
  • Insurance Expense: 1584.00
  • Maintenance Expense: 3000.00
  • Net Operating Income: 38775.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 18825.00
  • Rent Control: No
  • Total Actual Rent: 4750.00

Tax Info

  • New Taxes Expense: 10405.00
  • Tax Lot: 37
  • Tax Tract Number: 25612

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2016
Closed on
Aug 4, 2016
Sold by
Wei Chwen Bin and Chen Ping
Bought by
Wang Jia and Li Yang
Seller's Agent
Li Li
Kingston Realty
Buyer's Agent
Cindy Shiao
IRN REALTY
List Price
$888,000
Sold Price
$880,000
Premium/Discount to List
-$8,000
-0.9%
Current Estimated Value
$1,397,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,256
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Feb 24, 2005
Sold by
Yu Guozhen
Bought by
Wei Chwen Bin and Chen Ping

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Tran Larry and Tran Rebecca
Bought by
Yu Guozhen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2001
Sold by
Okubo Tadao and Okubo Alice S
Bought by
Tran Larry and Tran Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,250
Interest Rate
7.01%

Purchase Details

Closed on
Apr 14, 1994
Sold by
Okubo Tadao and Okubo Alice S
Bought by
Okubo Tadao and Okubo Alice S
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wang Jia $880,000 Ortc
Wei Chwen Bin $700,000 Southland Title
Yu Guozhen $685,000 First American Title
Tran Larry $343,000 Southland Title Company
Takeuchi Jodi -- Southland Title Company
Okubo Tadao -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wang Jia $528,000
Previous Owner Wei Chwen Bin $400,000
Previous Owner Wei Chwen Bin $400,000
Previous Owner Yu Guozhen $496,000
Previous Owner Tran Larry $300,000
Previous Owner Tran Larry $257,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2016 08/08/16 Sold $880,000 -0.9% $251 / Sq Ft
06/11/2016 06/11/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $888,000 -- $254 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,447 $1,184,757 $789,195 $395,562
2024 $15,447 $1,161,527 $773,721 $387,806
2023 $14,599 $1,138,752 $758,550 $380,202
2022 $14,281 $1,084,012 $743,677 $340,335
2021 $13,673 $1,062,758 $729,096 $333,662
2020 $13,499 $1,051,862 $721,621 $330,241
2019 $12,619 $975,552 $707,472 $268,080
2018 $11,448 $897,600 $459,000 $438,600
2016 $10,574 $824,239 $576,969 $247,270
2015 $10,406 $811,859 $568,303 $243,556
2014 $10,396 $795,957 $557,171 $238,786
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR16101439

California Regional Multiple Listing Service (CRMLS)

APN: 8253-010-016